CBI issues look out circular against former NSE CEO Chitra Ramakrishna, others – Times of India

CBI issues look out circular against former NSE CEO Chitra Ramakrishna, others - Times of India

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NEW DELHI: The Central Bureau of Investigation (CBI) on Friday issued look out circulars against former chief executive officers (CEOs) of NSE Chitra Ramakrishna and Ravi Narain and chief operating officer Anand Subramanian.
The probe agency is questioning Ramakrishna in view of fresh facts emerging in connection with its ongoing probe into the alleged abuse of co-location facility in the NSE.
It is also probing unidentified officials of Securities and Exchange Board of India (Sebi) and NSE, Mumbai and other unknown persons.
Ramkrishna hit the headlines after a recent SEBI on February 11 said she was steered by a yogi, dwelling in the Himalayan ranges, in the appointment of Anand Subramanian as the exchange’s group operating officer and advisor to the managing director (MD).
The SEBI charged Ramkrishna and others with alleged governance lapses in the appointment of Subramanian as the chief strategic advisor and his re-designation as group operating officer and advisor to MD.
Sebi levied a fine of Rs three crore on Ramkrishna, Rs two crore each on the NSE, Subramanian, former NSE MD and CEO Ravi Narain, and Rs 6 lakh on V R Narasimhan, who was the chief regulatory officer and compliance officer.



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